Group 1 - The leader of the investing group High Yield Landlord shares a real-money REIT portfolio and transactions in real-time, featuring three portfolios: core, retirement, and international [1] - Jussi Askola, President of Leonberg Capital, is a value-oriented investment expert with a focus on consulting hedge funds, family offices, and private equity firms on REIT investing [1] - Askola has authored award-winning academic papers on REIT investing and has passed all three CFA exams, establishing relationships with many top REIT executives [1]

Agree Realty Corporation (NYSE:ADC) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Reuben Treatman – Senior Director-Corporate Finance Joey Agree – President and Chief Executive Officer Peter Coughenour – Chief Financial Officer Conference Call Participants Ki Bin Kim – Truist Securities Smedes Rose – Citigroup Jenny Li – Morgan Stanley Michael Goldsmith – UBS Rob Stevenson – Janney Capital Upal Rana – KeyBanc Capital Markets Linda Tsai – Jefferies Wes Golladay – Baird Er ...

You won't be charged a penny during the free trial, so you have nothing to lose and everything to gain.David also contributes to the High Yield Landlord which is led by Jussi Askola and has a team of 5 other top Seeking Alpha REIT and income analysts. They help investors become passive landlords with their 8% yielding real estate portfolio. Service features include: three portfolios (core, retirement, international), community through chat room, buy/sell alerts, and educational content.Analyst’s Disclosure: ...

Core Insights - Agree Realty (ADC) reported revenue of $160.73 million for Q4 2024, marking an 11.5% year-over-year increase and exceeding the Zacks Consensus Estimate of $159.53 million by 0.75% [1] - The company achieved an EPS of $1.04, up from $0.44 a year ago, and surpassed the consensus EPS estimate of $1.03 by 0.97% [1] Revenue Breakdown - Rental income was reported at $160.68 million, exceeding the average estimate of $156.28 million by analysts, reflecting an 11.5% year-over-year increase [4] - Other revenues amounted to $0.05 million, significantly higher than the estimated $0.02 million, representing a year-over-year change of 142.9% [4] - Rental income from operating cost reimbursement was $18.12 million, surpassing the average estimate of $16.35 million, with a year-over-year change of 19.6% [4] Stock Performance - Shares of Agree Realty have returned 4.7% over the past month, outperforming the Zacks S&P 500 composite's return of 4.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Group 1 - Agree Realty (ADC) reported quarterly funds from operations (FFO) of $1.04 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, and up from $1 per share a year ago, representing an FFO surprise of 0.97% [1] - The company achieved revenues of $160.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.75%, compared to $144.17 million in the same quarter last year [2] - Agree Realty has outperformed the S&P 500, with shares increasing about 3.4% since the beginning of the year, compared to the S&P 500's gain of 3.1% [3] Group 2 - The current consensus FFO estimate for the upcoming quarter is $1.05 on revenues of $165.02 million, and for the current fiscal year, it is $4.30 on revenues of $684.15 million [7] - The REIT and Equity Trust - Retail industry, to which Agree Realty belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Investment and Portfolio Management - The company completed approximately $939.2 million of investments in net leased retail real estate during 2024, acquiring 242 properties for about $866.6 million and developing 21 properties for approximately $72.7 million[19]. - The portfolio consisted of 2,370 properties totaling approximately 48.8 million square feet of Gross Leasable Area (GLA), with a leasing rate of approximately 99.6% and a weighted average remaining lease term of about 7.9 years[14]. - The company executed new leases, extensions, or options on approximately 2,041,000 square feet of GLA, resulting in an annualized base contractual rent of approximately $19.8 million[22]. - The company sold 26 assets and land parcels for net proceeds of $94.3 million, recording a net gain of $11.5 million[21]. - Approximately 68.2% of the annualized base rent was derived from tenants with an investment grade credit rating[14]. - No tenant accounted for more than 10.0% of the Company's annualized base rent as of December 31, 2024[51]. - The company focuses on long-term net leases with national or large regional retailers, aiming for stable and predictable cash flow[34]. - The company emphasizes investment in e-commerce resistant sectors and recession-resistant retailers[39]. Financial Performance and Debt Management - The monthly dividend per common share was increased from $0.247 to $0.25 in April 2024 and further to $0.253 in October 2024, representing an annualized dividend yield of approximately 4.3% based on the last reported sales price of $70.45[23]. - The company entered into a $1.25 billion at-the-market (ATM) program in October 2024, replacing a previous $1.00 billion program[26]. - The Company had approximately $1.24 billion of availability under the October 2024 ATM program as of December 31, 2024[29]. - The Company entered into a $1.25 billion senior unsecured revolving credit facility in August 2024[31]. - As of December 31, 2024, the outstanding balance on the Revolving Credit Facility was $158.0 million, with an interest rate of 5.29%[32]. - The Company's total debt outstanding was $2.81 billion, including $2.61 billion of unsecured borrowings and $43.9 million of secured mortgage debt[45]. - The ratio of total debt to enterprise value was approximately 26.6%, and the ratio of total debt to total gross assets was approximately 31.1% as of December 31, 2024[44]. - The company sold 10,598,037 shares of common stock under the ATM programs in 2024, generating net proceeds of $403.8 million[29]. Corporate Governance and Sustainability - The Company maintains a focus on good corporate governance, with a board of directors consisting of 10 members, 8 of whom are independent[75]. - The Company received Gold Level recognition from Green Lease Leaders for two consecutive years, highlighting its commitment to sustainability[67]. - The Company has engaged a third-party consultant since 2022 to improve its understanding and performance across material ESG topics[65]. - The Company executed green leases with various tenants and systematically monitored ESG policies for current and prospective tenants[70]. - The Company has adopted an insider trading policy applicable to all directors, officers, and team members, and maintains stock ownership guidelines[76]. - The Company submits "say-on-pay" advisory votes to its stockholders annually, reinforcing its commitment to good corporate governance[78]. - All reports filed with the SEC are made available free of charge on the Company's website, ensuring transparency for stakeholders[79]. Employee and Team Development - The Company has increased its full-time team members from 72 to 75 as of December 31, 2024[56]. - The Agree Wellness Program enhances team members' well-being through physical and financial wellness initiatives[71]. - The Company supports team members with cash compensation plans, equity ownership programs, and retirement plans, aligning individual and corporate objectives[72]. - Time-vested stock grants to officers and team members vest over a three-year period to ensure long-term alignment with stockholder interests[77].

Exhibit 99.1 32301 Woodward Ave. Royal Oak, MI 48073 www.agreerealty.com FOR IMMEDIATE RELEASE Agree Realty Corporation Reports Fourth Quarter and Full Year 2024 Results Provides Initial 2025 AFFO Per Share Guidance of $4.26 to $4.30 Royal Oak, MI, February 11, 2025 -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. Fourth ...

Provides Initial 2025 AFFO Per Share Guidance of $4.26 to $4.30ROYAL OAK, Mich., Feb. 11, 2025 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.Fourth Quarter 2024 Financial and Operating Highlights: Invested approximately $371 million in 127 retail net lease properties Commenced eight development or Developer ...

At the core, Agree Realty (ADC 0.27%) and Realty Income (O -0.26%) are very similar real estate investment trusts (REITs). But they aren't interchangeable. Here's why some investors will like Agree, while others will favor Realty Income. It all boils down to the growth these two monthly dividend payers can offer to shareholders.Why go with Realty Income?A net lease requires tenants to pay most property-level operating costs. Net lease assets are usually occupied by a single tenant, so the risk for any indiv ...

In its upcoming report, Agree Realty (ADC) is predicted by Wall Street analysts to post quarterly earnings of $1.03 per share, reflecting an increase of 3% compared to the same period last year. Revenues are forecasted to be $159.53 million, representing a year-over-year increase of 10.7%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...